Higher salaries, more expensive dollar: what the state budget is planned to be spent on in 2025.
16.09.2024
1599

Journalist
Shostal Oleksandr
16.09.2024
1599

The Cabinet of Ministers of Ukraine approved the budget project for the next year. According to the document, the country expects a decrease in economic growth and an increase in inflation. The project foresees GDP growth of 2.7% and inflation of 9.5%. Salaries will increase, but the currency will depreciate. The budget also provides for expenses on security, social protection, healthcare, and education. Funds will be allocated for loans and grants to support businesses. Regions will receive support from local budgets. The budget also includes a contingency fund for unforeseen situations. A new feature is the new system of state investment management. A decrease in the budget deficit and attraction of borrowings is expected.
Read also
- Chinese Companies Establish Schemes to Evade Trump's Tariffs
- Panama is no longer a refuge: where Putin's Arctic fleet is heading
- Gold prices rose ahead of the Fed's decision on interest rates
- Barbie Dolls Become Victims of Trump's Tariffs
- Turkish Military Presence in Iraq: A Hundred Bases and Control Over a Vast Territory
- The share of non-performing loans in Ukrainian banks has decreased